Haranga continues drilling success at Selenge

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THE DRILL SERGEANT: Haranga Resources has announced further intersections of high-grade iron mineralisation have been defined at the Bayantsogt prospect, located within the company’s Selenge iron ore project area in Mongolia.

 

Location of the Selenge iron ore project. Source: Company announcement

The latest assays results represent the final set from Haranga’s 2011 drill program at Bayantsogt, where 31 of the 35 drill holes intersected significant widths of iron mineralisation.

The latest results include:

18 metres at 36 per cent iron from 176 metres, including 8 metres at 48 per cent iron from 178 metres.

16m at 36 per cent iron from 174m;

28m at 35 per cent iron from 155m;

97m at 44 per cent iron from 223m, including 14m at 58 per cent iron from 248m, including 29m at 54 per cent iron from 265m.

15m at 33 per cent iron from 127m, including 6m at 50 per cent iron from 128m; and

41m at 27 per cent iron from 181m, including 3m at 50 per cent iron from 183m.

“The results are considered highly encouraging because this type of magnetite mineralisation has proven amenable to very low cost beneficiation at the nearby Eruu Gol mine, Mongolia’s largest iron ore export mine,” Haranga Resources said in its ASX announcement.

“The Eruu Gol deposit is also hosted within a large hill, resulting in a very low strip ratio.”

Haranga said it is targeting the release of a maiden JORC Code compliant resource for Bayantsogt in March 2012, based on the drilling it has completed so far.

The company has concluded drilling at Selenge for the current field season and is scheduled to recommence in April/May 2012 with drill hole planning for the upcoming field season underway.

The final set of assay results from the drilling conducted at the Dund Bulag and Huiten Gol prospects at Selenge during 2011 are still being processed.

Haranga said its focus for the upcoming season will be on defining and expanding the resources at Bayantsogt and Dund Bulag and to drill the other prospects on the property.